A cheque for $900 was received from a customer during December year 5

A cheque for $900 was received from a customer during December year 5

A cheque for $900 was received from a customer during December year 5

Question

A cheque for $900 was received from a customer during December year 5 formerchandise to be delivered in year 6. Sales revenue was debited when the cheque wasreceived and cash was credited. Net income for year 5 would be:a. Understatedb. Overstatedc. The right amount

A cheque for $900 was received from a customer during December year 5